Median Income
$129,539
household / year
Median Home Value
$400,500
owner-occupied
Median Rent
$1,447
gross / month
Cost of Living
104
national avg = 100

Is Prior Lake, MN a Good Place to Live?

Prior Lake is a small city of 27,608 in Minnesota, with a median household income of $129,539 and a 1.5% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Prior Lake stands out for lower-than-average crime, solid school ratings (A-), a well-educated population, short average commutes.

Trade-offs: Potential downsides include high home prices. Whether Prior Lake is right for you depends on your priorities — the full breakdown is below.

All Prior Lake city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Prior Lake's overall cost of living index is 104.5, where 100 represents the US national average. Living in Prior Lake costs roughly 4% more than the average American city.

Metric Prior Lake, MN National Avg
Median Home Value $400,500 $244,900
Median Monthly Rent $1,447 $1,163
Homeownership Rate 86.2% 65.9%
Median Household Income $129,539 $74,755

Crime & Safety

Very Safe

Prior Lake's violent crime rate is 106.5 per 100,000 residents — 72% lower than the national average of ~380 per 100,000.

Violent Crime
106.5 /100k
Property Crime
1072.3 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Prior Lake is served primarily by Prior Lake-Savage Area Schools. The student-to-teacher ratio is 17.7:1 (slightly above the national average of ~16:1).

Metric Prior Lake, MN National Avg
School District Prior Lake-Savage Area Schools —
Elementary Schools 7 —
Middle Schools 1 —
High Schools 4 —
Student/Teacher Ratio 17.7:1 16:1
Bachelor's Degree or Higher 51.7% 35.4%
High School Diploma or Higher 97.0% 91.1%

Weather & Climate

Prior Lake sees average highs of 24.4°F in January and 83.7°F in July, with 33.8 inches of annual precipitation and 54.7 inches of snow per year.

MetricPrior Lake, MN
Average High — January24.4°F
Average High — July83.7°F
Annual Precipitation33.8"
Annual Snowfall54.7"

Demographics

MetricPrior Lake, MNNational Avg
Population27,608—
Median Age39.438.9
Unemployment Rate1.5%3.7%
Avg Commute Time25.2 min26 min
White (non-Hispanic)87.0%59.3%
Black or African American1.2%13.6%
Hispanic or Latino4.1%18.9%
Asian4.3%6.3%
Under 1825.9%22.2%
65 and over13.7%16.8%

Nearby Cities

ZIP Codes in Prior Lake

Prior Lake, MN is covered by 1 ZIP code:

Prior Lake vs Other Cities

Frequently Asked Questions

Prior Lake's cost of living index is 104, where 100 is the national average. That puts Prior Lake roughly 4% above the national average in cost. The median home price is $400,500 and median rent is $1,447/month.
Prior Lake's violent crime rate is 106.5 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 1072.3 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Prior Lake are operated by Prior Lake-Savage Area Schools. The district has 7 elementary, 1 middle, and 4 high schools. The student-to-teacher ratio is 17.7:1. 51.7% of adults 25+ hold a bachelor's degree or higher.
Prior Lake, MN has a population of 27,608, a median household income of $129,539, and an unemployment rate of 1.5%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Prior Lake averages 24.4°F in January and 83.7°F in July. Annual rainfall is 33.8 inches with about 54.7 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Prior Lake, MN is covered by 1 ZIP code: 55372.
The population of Prior Lake, Minnesota is 27,608 with a median age of 39.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Prior Lake: cost of living index 104 (100 = US average), median home $400,500, median household income $129,539, crime index 37 (100 = US average, lower is safer), schools rated A-. Whether these are benefits or drawbacks depends on where you're coming from — compare Prior Lake side by side with your current city to see the trade-offs.